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Goldstrike Resources Ltd.
Summary
| Project: | Plateau South | |
|---|---|---|
| Deposit: | Goldstack | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 10/25/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 25-10-2016: Goldstrike Resources Ltd. announces an Exploration/Drilling Update report for its Goldstack deposit at the Plateau South project. Drilling results incl. 13m @ 2.20g/t Au from 67.00m. October 25, 2016 - Goldstrike Resources Ltd. (GSR.V) (“Golds | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Tony Gilman (Terrane Geoscience Inc.) | |
| ABSTRACT: | October 25, 2016 - Goldstrike Resources Ltd. (GSR.V) (“Goldstrike”) is pleased to report that all 11 holes from the 2016 drilling campaign at its flagship Plateau property in Yukon, Canada, totalling over 1500 meters, were successful in intersecting the Goldstack zone. The 2016 drilling was focused on expanding the Goldstack zone, one of the many drill targets along the newly discovered, 50 km long, mineralized Yellow Giant trend. PSGS-16-01 was previously reported in the Company’s press release dated September 6, 2016. Please see that press release for further details. Drill hole PSGS-16-08 returned the best value from the latest phase of drilling with a value of 2.2 g/t Au over 13 m, including 8.5 m grading 3.21 g/t Au. Drill hole assay highlights from the entire 2016 program are presented below in Table 1. Drilling indicates that the main control of the mineralized system at the Goldstack zone is a northeast/southwest structure known as the Eldorado Fault. This structure has been mapped for 1 km, remains open along strike in both directions and will be one of the principal targets for drilling next year. The Eldorado Fault hosts the mineralized Goldstack discovery outcrop. An initial first pass metallurgical test of the Goldstack zone returned a total recovery value of over 98.5% gold. This confirms the coarse nature of the gold observed in this system. | |
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